Candriam Luxembourg S.C.A. increased its stake in Baidu, Inc. (NASDAQ:BIDU) by 23.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,825 shares of the information services provider’s stock after buying an additional 5,500 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Baidu were worth $5,156,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Harris Associates L P increased its stake in shares of Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock valued at $1,198,769,000 after buying an additional 572,298 shares during the period. Capital Fund Management S.A. increased its stake in shares of Baidu by 67.4% in the first quarter. Capital Fund Management S.A. now owns 33,637 shares of the information services provider’s stock valued at $5,803,000 after buying an additional 13,549 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Baidu by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock valued at $225,583,000 after buying an additional 19,932 shares during the period. Holderness Investments Co. bought a new stake in shares of Baidu during the first quarter valued at approximately $367,000. Finally, Wells Fargo & Company MN increased its stake in shares of Baidu by 20.2% in the first quarter. Wells Fargo & Company MN now owns 774,706 shares of the information services provider’s stock valued at $133,653,000 after buying an additional 130,060 shares during the period. 65.25% of the stock is owned by institutional investors.

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BIDU has been the subject of several recent analyst reports. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price objective for the company. in a research report on Monday, May 8th. Deutsche Bank AG reaffirmed a “hold” rating and set a $201.00 price objective (up previously from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $208.00 price objective on shares of Baidu in a research report on Saturday, July 22nd. Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $241.00 in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Baidu in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $209.80.

Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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